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I have another perspective on this latest round of incompetence. David Moyes has lost my respect and shown himself to be gutless as far as I am concerned. It is quite plain that far from being in control of all transfers, he has had to tow the party line. Kenwright is/has ruined our once great Club, his bleeding heart support does nothing for me whatsoever. Does not mean much to anybody else but I have last night given my season ticket to a cousin, I shall not be re-newing it until Kenwright goes.

I am not saying, I agree with everything the Crispy One says and a Chairman does not need and indeed may not know all the accounts details which is quite true, but he (as chairman) makes the executive decisions I.E. yes or no. He has surrounded himself with sycophants and incompetents as far as I can see, the only solution being a root and branch re-organisation of the executive to bring in people who can make decisions that benefit the Club.

So, by posting again what was posted 2 days ago by CE, and after it was explained that costs rise with turnover, and also having it explained that the Chairman is not responsible for monitoring finance and day to day costs, and that those questions should be directed at the CEO or CFO, what do you hope to gain by this?

You've given your season ticket away? What sort of a fan does that?! Jesus lad. Get behind the players at least. They've done nothing wrong. Organise an investment protest or whatever you want...but don't stop supporting the club you love

Maybe HMM he is just trying to highlight the incompetence. Do you know how much these 3 players left the Club for in total? Do you think 14.5 Mill is a good deal for Arteta, Yakubu and Beckford combined? Absolute panic on Kenwrights part because I think the accounts will turn out to be far worse than anyone thought. I am disgusted and as I have said above I do not agree with everything Crispy says but he does have some points. You are right about the CEO an absolute idiot who has done nothing to further this Club and who was he appointed by? Something is just not right when time after time after time Business Plans are shown up to be naive at and downright sloppy work (Kirkby, Kings Doc, etc). Kirkby for instance must have cost the Club millions.

Phils, I will not tell you how long I have supported this Club but I have seen the lot and this Bloke is the worse of the em all, I am sorry to say that. I may regret giving my ticket away (albeit to a coz) once I calm down.

(U5282) : I think everyone is fully aware of the situation we are in. Cut and pasting the same thing over and over again, even after it has been explained to the nth degree only serves to antagonise people.

HMM - I don't disagree with you.

Agreed Phil, why turn your back on the players when you have already put the money into the club. Fool.

Crispy, I sincerely hope the club release full details of the costs to shut you lot up, I truly believe this is the biggest red herring you lot are trying to hit Bill with. If I'm proved wrong then I will hold my hands up unlike you and your muckers though.

Me personally, I think it's not a bad bit of business:

Saved £7.5million in wages

Brought in about £15 million worst case.

Spent probably 1.5 million in loan fee's

plus probably about £3m in wages.

Net gain £18million.

Now with a few hours to go who was out there to sign to replace Mikky? No one that would not have been completed overpriced. Jenas, Palacios, Parker all accounted for. I wouldn't have liked us to waste money on Gibson from United and we certainly wouldn't want another sicknote in Hargreaves (wouldn't have chosen us over City anyway).

So, we can reduce our (much whinged about) debt by about £12.5 million, offer improved contracts to Fellaini, Howard, Barkley, Coleman, Baines et al and be confident that we have a ready made replacement for Arteta in Barkley, it will also give Felli licence to get forward more.

Great bit of business for me, means we can can also pick and choose sensibly in january to strengthen hopefully.

Please also bear in mind that Drenthe is one hell of a player, He will frighten teams with his pace and ability I'm sure.

With Drenthe and Coleman working in tandem down the flanks, what we need is a big centre forward with a proven goalscoring record in a tough league up front....now where will we find one of those......ohh......wait.....

Keioc talks krap

I agree with a lot of that mate. I do think that when negotiating with a team who've just inherited £80M, we should have been able to do better than £10M. But obviously we have got a decent deal for a 29yr old who's best years, I believe, are well behind him.

I am honestly more disappointed with the sale of Beckford. Is this Denis ready for the fist team? Or another Vellios? If we have Saha and Vic to rely on this season then that's not good enough.

Happy with Drenthe though. I do think that Baines works well with a technical player ahead of him rather than someone who's gonna bomb down the line. Anyway, the point is that panic is not called for

Drenthe and Baines down the left, Neville and Coleman down the Right or maybe Coleman, Anichebe down the right. Argentine Lad in the middle Bily/Cahill/Osman in the hole, in the cold light of day it could work. No need for the Fool comment either, it debases your intelligence.

I'm with Crispy to a point, albeit I think he's shooting the wrong rabbit by focusing on the operating costs.

My view is that this smacks of debt reduction prior to a sale. The business lost circa £5M in cash according to the last accounts. We've brought in approx £25M in cash since Xmas, when you tot up the Bellefield sale, Pienaar, Vaughan etc. & we've reduced the wage bill by more than the cash shortfall in the last accounts.

I don't buy Kenwrights bleating about the nasty banks wanting their cash back, sorry but I think it's total BS. I think they're clearing debt from the balance sheet to maiximise their return when they sell (which might well be imminent for all we know) as the debt will be subtracted from the price offered for the club.

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CD - Arteta hasn't looked the same player since he did his cruciate. Imo his best days are behind him, but he's still a class act & is a big loss to EFC.

comment by Toblerone Boots (U4965)

If you are right with the scenario you have just given,then surely short term hurt for long term gain(ie making the club more sellable)then I'm all for it.Even though our current owners may make a little bit more money out of any future deal.

If it does happen at least it may shut the Duck up for a little while.My main concern would be, what will the Duck have to look forward too without his nemesis Kenwright at the helm

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Being a cash strapped Club we needed to generate some income, I do think the three lads went rather cheaply though if the fees are confirmed. The Yak for 1.5 mill is a bit of a come down and to my mind Blackburn have got themselves a bargain especially if his modus operandi holds true (always a good first season), 1.5 mill for a seasons investment is a good deal. Arteta just signed a 4 year deal with us and is only 29 so 10 Mill is cheap. Beckford is the surprise to me as he produced when in the mood and jelled well with Saha. Criticism, perhaps Mr Kenwright will now be honest with the Fans and own up to the fact he is out of his depth, sack Elstone and bring in a competent Executive.

Just read Toblerones (good name by the way) comment and I have to say that makes a great deal of common-sense. Now if it proves to be accurate and we do have a buyer in the wings the pain should be worth it.

It would show Kenwright to be a total charlatan though mate, if (& it's pure speculation on my part tbf) I'm right, then so much for him wanting the best for EFC. If I'm right, this is nothing more than asset stripping.

Sorry Buddy, how can you not be a fool when you've paid your money already to support the boys?!?! Who is your little protest going to affect but make you poorer for not seeing the lads fight above their weight again this season!?!?

I just can't think why you'd do that when you've got the opportunity to see England's next big star grow into a man this season and take the premiership by storm. Believe me, Drenthe will make a big difference to our attacking verve. Fool is getting off lightly if you ask me.

Agreed that a little sad to see Beckford go given he has looked most likely to score us a goal when we need it but realistically he is a ten goal a season at best I think. This Argentinian lad looks ok, good movement at least so may prove to be very astute. Key is getting and keeping Louis fit though. Gueye to come back as well.

Tobes - you may well be right with priming themselves for a sale, as I've said before, it needs somewhere prepared to literally waste £1 billion otherwise it probably isn't worth spending any money with us though.

OK, let me get this straight:

People complain that we can't be sold because with the debt levels, we are not an attractive prospect.

Now we are reducing debt levels to supposedly make us more attractive to buyers and the board are asset stripping to get a payday.

Make up your minds lads.

I didn't wish to call him a charlatan (be the first one anyway LOL). It had crossed my mind that nobody could be as incompetent as this lot appeared to portray and while perhaps not to the extremes that you outline they could be less incompetent than I thought shall I say.

As an aside, the business done yesterday means over the last 5 years we have had a net spend of.......drum roll..........absolutley nothing.